General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.

Wall Street analysts' opinions on General Motors (GM) decision to close down its Cruise robotaxi division were split — one side expressed disappointment over a sudden end to what was billed as a USD 50 billion opportunity by 2030 while the other contradicted the shutdown,

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

DETROIT — General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.

General Motors is officially ending its support for Crusie’s beleaguered fleet of self-driving “robotaxis.” In a surprise announcement this week, the US carmaker said it will “realign its autonomous driving strategy” to end robotaxis and instead focus on eventually creating an autonomous personal vehicle.